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Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s):  T.LCS.PR.A

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions in the amount of 0.15625 per share and to return the original issue price of 10.00 per Preferred share to Preferred shareholders at maturity; and to provide holders of Class A shares with regular monthly cash distributions, targeted to be 0.075 per share, and the opportunity for growth in Net Asset Value per share. To achieve these objectives, the Fund invests in a common share portfolio of the following Canadian life insurance companies on an equally weighted basis at the time of investment and any subsequent rebalancing.


TSX:LCS - Post by User

Post by mousermanon Jun 04, 2024 1:21pm
82 Views
Post# 36071504

LCS unit nav in realtime @ $16.93

LCS unit nav in realtime @ $16.93So LCS right now is flat since the last update on thursday, but with 2 of the 4 lifecos up and GWO close to being green, LCS UNIT NAV is NOT suffering as much as the mainly  banks split funds.
Interest rate cuts tomorrow going to be a negative for the CAD, the question is how negative, and whether the banks see any relief from the selling  the past few days.
Lifecos will not see a major impact from  one small interest rate cut in Canada, as they will invest where they can get  the best return. They may pull some investments out of Canada ... as will many other investment companies. There is a double edged knife to cutting rates. One side will help underwater debt, the other side will push or prevent investment $$ in Canada.
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